Private Equity 24 Hours

Last updated: July 8, 2026, 8:30 AM ET

Private Equity Dealmaking & Investment Trends

Private equity firms continued to actively deploy capital across various sectors, with Frazier Healthcare announcing its acquisition of health tech firm Matrix Care from seller Resmed Frazier Healthcare acquire. In the industrial sector, Wynnchurch-backed Principal Industries acquired GENLED Brands, a provider of LED components and engineered assemblies Principal Industries acquires. Similarly, Agellus Capital-backed Compass MSP expanded its IT and cybersecurity services by acquiring The Logic Group CompassMSP acquires, while Renovus-backed TJP bolstered its life sciences commercial operations with the purchase of FX2 Virtual TJP acquires. I Squared is set to acquire Milestone Environmental from SK Capital, gaining control of 15 disposal facilities for oil and gas waste I Squared acquire. The accounting sector also saw activity, with Unity Partners acquiring Meaden & Moore Advisors, highlighting a growing appetite for professional services firms Unity Partners acquires. Investcorp-backed KSS further expanded its industrial weighing systems and control solutions business with the addition of Strack Scale Service KSS picks up.

Investment firms are also making strategic moves in technology and human resources. Lightyear invested in HR tech firm Corestream to fuel its growth Lightyear invests. Meanwhile, Temasek aims to increase its allocations to AI-focused investments, private credit, and core-plus infrastructure by March 2031, signaling a strategic shift in its portfolio Temasek aims to increase.

Venture Capital Activity & Valuations

The venture capital landscape remains dynamic, with several firms actively raising new funds and startups achieving significant valuations. Chemistry Ventures, founded by alumni from Bessemer, Index Ventures, and Andreessen Horowitz, is raising $500 million for its second fund Chemistry raising. In the artificial intelligence space, AI law startup Norm secured $120 million in a Series C round led by Khosla Ventures, achieving a unicorn valuation of $1.2 billion Norm raises $120M. Accel has doubled down on its investment in energy startup Axle, indicating continued confidence in the sector Accel doubles down. These developments come as familiar names continue to top active US investor ranks in the second quarter Familiar Names Top, suggesting a sustained level of venture backing for promising startups.

Secondaries Market & Investor Strategies

The secondaries market is showing resilience, with deal flow continuing as firms navigate persistent distribution issues. Patria’s head of secondaries, Patrick Knechtli, noted that the firm's focus on smaller-sized secondaries has differentiated its latest fund, which recently closed on $677 million ahead of its target Patria’s Knechtli. This strategy allows investors to potentially "have cake and eat it too," as seen with Australia’s Rest pension fund, which is raising its private markets exposure, particularly in private equity and infrastructure Rest looks to. LPs without venture capital allocations may be overexposed to traditional assets, according to LGT, while KKR's Arctos capitalizes on GP illiquidity Side Letter: Hedging. An IPO boom could also signal good news for VC exits Side Letter: Hedging.

Sector Focus & Emerging Opportunities

Defense technology is emerging as a significant opportunity, with Tikehau's Emmanuel Laillier highlighting electronics and mechanical components as attractive areas for investment. The firm is actively working on several defense opportunities and expects its next deal to materialize later this year or in early 2025 Tikehau’s Emmanuel Laillier: Electronics. Laillier also emphasized that asset mergers are key to achieving a unified European defense strategy, noting that increasing defense budgets do not directly translate to equipping production volume for readiness in conflict Tikehau’s Emmanuel Laillier: Asset.

In the technology sector, Amadeus Capital Partners' Anne Glover suggests that artificial intelligence will fundamentally reshape the Saa S landscape, potentially turning some existing providers into "dinosaurs" Anne Glover: AI. This underscores the importance for startups to avoid boredom as a business risk Boredom business risk and for leaders to look beyond simple Saa S metrics like LTV/CAC or NRR, as these are results rather than strategies Your SaaS Metrics. Despite the rapid evolution, Lovable is reportedly in talks to raise $300 million at a $13.2 billion valuation Lovable talks, and Europe's startup insiders closely watched 25 companies in the first half of the year 25 companies.

Firm Hires & Content Recommendations

Firms are also bolstering their teams to support growth and capital formation. AEA Investors has appointed Adam Biren as partner and head of capital formation for the Americas, based in its New York office AEA Investors taps Adam. For those seeking insights and professional development, Secondaries Investor's list of buyers' top book and podcast recommendations offers vacation reading material Summer reads.